SCZONE CEO meets Peru’s ambassador to discuss port cooperation
The CEO of the Suez Canal Economic Zone (SCZONE), Waleid Gamal Eldien, met with the ambassador of Peru to Egypt, José Betancourt, on Monday to discuss potential cooperation in port activities. Gamal Eldien pointed out the possibility of cooperation with Peru through the SCZONE’s ports, especially the East Port Said Port, which is the closest port to Peru. He also emphasized the importance of cooperation with the SCZONE, especially in the field of ports. He said that he will visit the East Port Said Port next week. The East Port Said Port, affiliated with the SCZONE, witnessed the first ship bunkering operation with green fuel in the Eastern Mediterranean last August.
Source:Daily News Egypt
September 11, 2023 21:47 UTC
India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
As one of the founding members of BRICS, India has consistently advocated for reforms in multilateral institutions and has been a champion of the Global South. The Indian Ambassador stated that India has always been a leading voice for impending reforms in multilateral bodies and a voice for the Global South. “The prevailing global geopolitical and economic conditions call for greater cooperation between countries of the Global South. This summit brought together countries from the Global South to share their perspectives and priorities on a common platform, with more than 120 countries participating. In conclusion, India’s G20 agenda is aimed at being inclusive, ambitious, action-oriented, and decisive.
Source:Daily News Egypt
September 11, 2023 19:33 UTC
Strict penalties on violating Egypt's organ transplant law
CAIRO - 11 September 2023: The Egyptian law regulating human organ transplantation specifies a deterrent penalty for crimes violating the controls and provisions of organ transplantation and transplantation. The law stipulates a severe prison sentence and a fine between 500,000 and one million pounds for anyone who transports a human organ or part of it with the intention of transplanting it in violation of the articles of the law. If this act occurs on living human tissues; the penalty shall be imprisonment for a period not exceeding ten years. If the act results in the death of the donor or recipient, the penalty shall be life imprisonment, and the same penalty shall be imposed. The same penalty shall be applied if the act occurs on part of a living human organ, and if the aforementioned act occurs.
Source:Egypt Today
September 11, 2023 18:42 UTC
Egypt slams final filling of GERD, saying it violates Declaration of Principles
The Egyptian Foreign Ministry on Sunday criticized Ethiopia’s announcement regarding its completion of the fourth and final filling of the Grand Ethiopian Renaissance Dam’s (GERD) reservoir, which Egypt called a continued violation of the Declaration of Principles signed between Egypt, Ethiopia, and Sudan in 2015. In its statement, the Foreign Ministry explained that the Declaration of Principles stipulates that all three countries must agree on the rules for filling and operating GERD before commencing the filling process. Stagnant talksThe Ethiopian government announced on August 11, 2022, that it has completed the third GERD filling unilaterally. Egypt and Sudan say they want a legally binding agreement on operating the dam, while Ethiopia says any pact should be advisory. Negotiations over the dam between Egypt, Ethiopia, and Sudan have stalled for years, with the three parties ultimately failing to reach any agreements.
Source:Egypt Independent
September 11, 2023 14:44 UTC
Egypt Inflation Rate Hits Record-High of 39.7% in August
Egypt Inflation Rate Hits Record-High of 39.7% in AugustEgypt’s annual headline inflation – which includes commodities such as food and energy prices – increased to a new high of 39.7 percent in August, up from 38.2 percent in July, according to data released by the country’s Central Agency for Public Mobilization and Statistics (CAPMAS) on 10 September. Prior to this, the country’s highest headline inflation rate had stood at 34.2 percent, a figure recorded in July 2017. Egypt’s annual headline inflation figure in August 2022 was 15.3 percent. The country’s latest inflation figures substantially exceed the Central Bank of Egypt’s (CBE) target of seven percent (±2 percent) set by the fourth quarter of 2024. Inflation rates have been on an upward trajectory since Russia’s invasion of Ukraine in February 2022, which disrupted the global economy and supply chain.
Source:Egypt Independent
September 10, 2023 20:23 UTC
Grand Egyptian Museum’s latest developments see excellent progress
Prime Minister Mostafa Madbouly conducted an inspection tour on Saturday at the Grand Egyptian Museum (GEM) to follow up on its progress as it speeds towards completion. The first boat was transported from its display location in the Giza Pyramids area in August 2021. Construction work in the Khufu Boat Museum is now entirely finished, while interior finishes are 87 percent done. Eissa said, in press statements, that work is underway to finish the GEM, as well as the area surrounding the museum. The museum includes huge exhibition halls, and is distinguished by its proximity to the Giza pyramids area and the New Administrative Capital, which makes it a gateway to Egypt’s past, present and future.
Source:Egypt Independent
September 10, 2023 19:42 UTC
African continent splitting into two is possible: Geophysics expert
It is in the realm of possibility for the African continent to one day split into two, the head of the National Research Institute of Astronomy and Geophysics (NRIAG) Gad al-Qady explained. In a Saturday telephone interview with TV host Ahmed Moussa on the “Ala Massoulity” (On My Responsibility) show, Qady said that the matter is under scientific research. The East African Rift is an area of seismic activity with the beginning of the rift being the Red Sea, which widens by one centimeter per year, he noted. Qady explained that after several million years, the Great Rift Valley will separate and become a subcontinent separate from Africa. Regarding the devastating earthquake which struck Morocco on Saturday, Qady said that it occurred in an area frequently struck by earthquakes over an average of every 50 years.
Source:Egypt Independent
September 10, 2023 19:42 UTC
Egypt describes 4th filling of Ethiopian dam as violation of Declaration of Principles
CAIRO – 10 September 2023: The Egyptian Ministry of Foreign Affairs responded Sunday to Ethiopian official statements on the completion of the fourth filling of the Grand Renaissance Dam, stipulating that the measure is a continuous breach of the Declaration of Principles signed by the two countries along with Sudan in 2015. The declaration provides the necessity of congruence among the three countries on the filling and operation processes. “Ethiopia’s unilateral measures are a disregard to the interests and rights of the two downstream states as well as their water security protected by international law,” the ministry said. The statement added that Ethiopia’s behavior put pressure on recently resumed negotiations and that should last for four months. It pointed out that the next round taking place in Addis Ababa had been hoped to culminate in reaching a legally binding agreement.
Source:Egypt Today
September 10, 2023 19:31 UTC
President El-Sisi, German chancellor discuss ways to combat illegal immigration
President Abdel Fattah El-Sisi met with German Chancellor Olaf Scholz, on the sidelines of the G20 summit in India- press photoCAIRO - 10 September 2023: President Abdel Fattah El-Sisi met with German Chancellor Olaf Scholz, on the sidelines of the G20 summit in India, Spokesman for the Egyptian Presidency Ahmed Fahmy said in a statement on Sunday. The meeting also touched on ways to coordinate efforts to combat illegal immigration, in addition to developments pertinent to a number of regional and international issues of common interest, mainly the crisis in Sudan and the Russian-Ukrainian crisis. Further, the two leaders looked forward to maximizing joint cooperation in the coming period, as well as enhancing coordination and political consultation. President El-Sisi and Chancellor Scholz reviewed the current cooperation frameworks in the fields of transportation, manufacturing, and energy sectors, and studied means to increase German investments in Egypt and advance economic cooperation. The president met with Japanese Prime Minister Fumio Kishida, President of the Republic of South Africa Cyril Ramaphosa, President of the Republic of the Comoros and current President of the African Union Othman Ghazali, and Director General of the World Health Organization Tedros Adhanom.
Source:Egypt Today
September 10, 2023 11:18 UTC
Al-Sisi highlights Egypt’s efforts in NEPAD during AU-EU mini-summit
Egypt’s President Abdel Fattah Al-Sisi took part on Saturday in the African-European mini-summit, which was held on the sidelines of the G20 summit, in New Delhi, India. The summit brought together leaders and representatives of Germany, Italy, Spain, the Netherlands, France, South Africa, Nigeria, the Comoros – the chair of the African Union – the European Union, the World Bank, and the International Monetary Fund. The summit discussed developments in several issues of common interest, especially the membership of the African Union in the G20. The president described the decision as a step in the right direction to provide an opportunity to put the continent’s priorities on the international agenda. During the mini-summit, African and European leaders agreed on the importance of continuing coordination and working to achieve optimal benefit from their partnership, in a way that enhances their mutual interests and gains.
Source:Daily News Egypt
September 10, 2023 08:18 UTC
President Sisi inspects Egyptian archeological models in New Delhi
President Abdel Fattah El-Sisi inspected the Egyptian archaeological models, among the historical and cultural exhibits of the countries participating in the G20 summit in New Delhi,- press photoCAIRO- 10 September 2023: President Abdel Fattah El-Sisi inspected the Egyptian archaeological models, among the historical and cultural exhibits of the countries participating in the G20 summit in New Delhi, on Saturday, said Presidential spokesperson Ahmed Fahmy in a brief statement. President Sisi travelled to India on Saturday to participate in the 18th Heads of State and Government Summit of the Group of 20 (G20) in New Delhi, India. President Abdel Fattah El Sisi called for a comprehensive approach to formulate future arrangements and reinforcing the role of international institutions in an effective response to crises and challenges. President Sisi expressed hope for this summit to produce a strong message, commensurate with the magnitude of the responsibility the world leaders bear to achieve the aspirations of our people, congratulating India on the successful landing on the moon. The president also expressed Egypt’s welcome of the African Union’s well-deserved admission to the G20 group’s membership.
Source:Egypt Today
September 10, 2023 07:53 UTC
G20 summit kicks off in India with African Union’s participation
Indian Prime Minister Narendra Modi inaugurated the G20 summit on Saturday in New Delhi by inviting the African Union, represented by its president, Azali Assoumani, President of the Comoros, to join the group’s leaders as a permanent member. The African Union, which comprises 55 member states, will have the same status as the European Union, which was the only regional bloc with full membership in the G20. The draft declaration stated, “We welcome the African Union as a permanent member of the G20, and we believe that including the African Union in the group will contribute significantly to confronting the global challenges of our time,” according to Reuters. Chinese President Xi Jinping and Russian President Vladimir Putin were absent from the opening of the two-day summit. During his speech, Al-Sisi welcomed the African Union joining the group.
Source:Daily News Egypt
September 10, 2023 02:09 UTC
G20 Leaders Summit focuses on debt, economic development and climate change
G20 leaders and finance ministers gathered in New Delhi on 9 and 10 September 2023 to discuss global economic development. The summit will focus on three main issues: debt, economic development, and climate change. On debt, the G20 will review the situation in developing countries. Because the Federal Reserve and other major central banks increased interest rates, developing countries are paying more on their debts. “The G20 has a critical role in moving forward more effective and efficient debt relief processes.”The group will review the debt situation in developing countries.
Source:Daily News Egypt
September 09, 2023 21:53 UTC
Egypt condemns dual terrorist attacks in Mali
Egypt on Saturday condemned the recent terrorist attack in the northeastern region of Mali, expressing its solidarity with the government and people of Mali. At least 49 civilians and 15 soldiers were killed Thursday during a dual terrorist attack in the country’s north. The attacks, which were claimed by the Al-Qaeda-linked group Jamaat Nusrat al-Islam wal-Muslimin (JNIM), targeted the passengers of the boat “Tombouctou” and a military camp of the Malian Armed Forces (FAMa) in the Gao region. JNIM is one of several Islamist militant groups operating in northern Mali and neighbouring countries. Since 2012, Mali has been plagued by insurgencies, jihadist incursions, and inter-community violence that have left thousands of people dead and hundreds of thousands displaced.
Source:Daily News Egypt
September 09, 2023 16:14 UTC
Egypt calls on the G20 summit to support developing countries
Egypt on Saturday joined the G20 summit in the Indian capital, New Delhi, held over two days. During the summit, Egypt will call for effective support towards developing countries to achieve sustainable development goals in the face of challenges regarding the economy, food and energy. Fahmy noted the importance of Egypt’s participation in the summit, as well as the close relations between Egypt and India. President Sisi will focus on various issues of concern facing developing countries and African countries in particular, Fahmy added, and will call for strengthening international efforts to facilitate the equal integration of developing countries into the global economy. International media reports state that the summit’s agenda will discuss issues such as the continuing debt problems facing a number of developing countries.
Source:Egypt Independent
September 09, 2023 14:20 UTC